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Can you summarize 38 ILAC Chapter I, Part 190?
DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION > ILLINOIS CREDIT UNION ACT
Short Summary
The provided legal document content pertains to the disclosure of confidential supervisory information under the Illinois Credit Union Act. It establishes the procedures and standards for the Secretary to determine whether to disclose such information in response to a request for discovery or disclosure. The document specifies that any request for confidential supervisory information must be made to the Secretary and provides the necessary details that should accompany the request. It also outlines the factors the Secretary will consider when deciding whether to disclose the requested information. The document further defines key terms related to the Act and clarifies the roles and responsibilities of the Department, Director, and Secretary in relation to the oversight and regulatory supervision of credit unions. It specifies the mailing address and email addresses to which requests for disclosure should be sent. The document does not mention any specific penalties for non-compliance or violation of its provisions.
Whom does it apply to?
Credit unions, the Department of Financial and Professional Regulation, the Director, and the Secretary
What does it govern?
Disclosure of confidential supervisory information under the Illinois Credit Union Act
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Illinois